Mixed-Use

Ders Group Underway on $275M Mixed-Use Development in Tiffin, Iowa

by Kristin Harlow January 25, 2019

TIFFIN, IOWA — The Ders Group is underway on the development of Park Place in Tiffin, about 10 miles west of Iowa City. The $275 million mixed-use development will be situated on 400 acres. In addition to retail and office space, plans call for approximately 2,000 apartment units and 200 single-family lots. The Ders Group, headquartered in Coralville, Iowa, acquired all of the land in 2016. The developer completed infrastructure construction last fall. Andersen Square, a city center, is the main attraction of Park Place. Phase I includes five buildings with first-floor commercial space and five floors of apartment units above. Completion is slated for summer 2020. Phase II includes six more buildings. The initial phase of commercial space is 75 percent pre-leased. Tenants include fast food retailers, local restaurants, a regional gas station, bank, health club and live entertainment restaurant.

January 25, 2019

Development Mixed-Use Texas

Frisco City Council Approves 14.6-Acre Mixed-Use Project Near Minor League Ballpark

by Taylor Williams January 24, 2019

FRISCO, TEXAS — The zoning and planning commission of the Frisco City Council has tentatively approved the development of a 14.6-acre mixed-use project near Dr. Pepper Ballpark, home of the Frisco Roughriders Minor League Baseball team. Plans currently call for a 311-room hotel, three office buildings totaling approximately 344,000 square feet, four retail buildings totaling roughly 116,000 square feet, one retail/restaurant space and two parking garage. According to The Dallas Morning News, Northland Properties, a Canadian firm headed by Dallas Stars owner Tom Gaglardi, will own and operate the hotel. A timeline for construction has not yet been established.

January 24, 2019

Acquisitions Mixed-Use New York Northeast

Marcus & Millichap Negotiates $2.6M Sale of Mixed-Use Building in Brooklyn

by David Cohen January 24, 2019

NEW YORK CITY — Marcus & Millichap has negotiated the $2.6 million sale of a 6,000-square-foot mixed-use property in Brooklyn. The four-story property was built in 1920 and is located at 206 Bushwick Ave. Shaun Riney and Michael Salvatico of Marcus & Millichap’s Brooklyn office represented the seller, a private investor, in the transaction. The buyer was also a private investor.

January 24, 2019

Kansas Market Reports Midwest Midwest Market Reports Mixed-Use

Mixed-Use Makes its Mark on Kansas City Neighborhoods

by Kristin Harlow January 24, 2019

Many of us remember a time when a great new job was measured primarily by the paycheck and the size of the office. How times have changed. And nothing illustrates that better than the favor of mixed-use developments. As the workforce demographic has evolved, so have the amenities that attract top talent. Smart companies know that creating an appealing environment for the best candidates means access to food options, walking distance to shopping and retail choices, and close proximity to housing. Millennials are a big part (but not the only part) of this changing trend, especially as older millennials assume decision-making roles. But employers in general are learning that it makes sense to cater to their workforce by creating a more attractive work environment. From malls to millennials The landscape of American living and working has transformed over the decades. Up until the mid-20th century, mixed-use was everywhere, as many shop owners and employees lived in homes behind their businesses or apartments above their shops. With the rapid growth of the federal interstate system and growing popularity of single-use zoning regulations, however, commercial and residential spaces were largely separated. Not surprisingly, this combination gave rise to the golden age of …

January 24, 2019

California Development Mixed-Use Restaurant Retail Western

DWS Group Begins Next Phase of $180M Manhattan Village Redevelopment in Southern California

by Amy Works January 23, 2019

MANHATTAN BEACH, CALIF. — DWS Group has broken ground on Village Shops, the next phase of its $180 million Manhattan Village redevelopment in Manhattan Beach. Manhattan Village is 44-acre, 573,000-square-foot indoor/outdoor mixed-use dining and retail property. Village Shops will feature 60,942 square feet of retail/restaurant space, 30,744 square feet in South Village and 30,198 square feet in North Village; two parking decks encompassing 956 spaces in South Deck, North Deck and surface lots; a water feature; clock tower; and seating areas and lush landscaping. Completion for Village Shops is scheduled for November 2020. Currently signed tenants at Manhattan Village include ROC, Mercado Manhattan Beach, California Pizza Kitchen, Joey Manhattan Beach, Urban Plates, MAC, Origins, Holly and Hudson Nail Lounge, Macy’s, Apple, Williams Sonoma, Pottery Barn, Pottery Barn Kids, Sephora, Victoria’s Secret, Tommy Bahama and Kiehl’s. Manhattan Village is being developed in phases and slated for full completion in 2020. JLL is managing and handling leasing at Manhattan Village.

January 23, 2019

Loans Mixed-Use North Carolina Southeast

Trez Forman Closes $20.5M Construction Loan for Mixed-Use Project in Burlington, North Carolina

by Alex Tostado January 21, 2019

BURLINGTON, N.C. — Trez Forman has provided a $20.5 million construction loan to developer Diamondback Investment Group LLC for a mixed-use development in Burlington. Named St. Marks, the project will entail 183 apartment units and 2,500 square feet of retail space. Bret Forman of Trez Forman originated the loan on behalf of the borrower. St. Marks is situated on seven acres and apartment amenities will include a dog park, clubhouse, saltwater pool and a lounge area. Terms of the loan and a timeline for the project were not disclosed.

January 21, 2019

Leasing Activity Midwest Mixed-Use Wisconsin

Founders 3 to Complete Lease-Up of Mixed-Use Development in Milwaukee

by Kristin Harlow January 21, 2019

MILWAUKEE — Founders 3 Real Estate Services has been awarded the leasing assignment for Hardware HQ, a mixed-use development in Milwaukee. Purchased in 2015 by WiRED Properties and Phelan Development, the building housed National Ace Hardware for nearly 30 years. Prior to that, it was home to Charles H. Stehling Co. Building ownership has teamed up with Rinka Architects to modernize the building into office space and ground-floor retail. Last year, Milwaukee Motorcycle Co. committed to 14,000 square feet on the first floor for a Harley Davidson location. The showroom space will offer motorcycle and bike sales, merchandise, service and rentals. Ned Purtell, Steve Pape and Jenna Maguire of Founders 3 are marketing the remaining 72,125 square feet for lease.

January 21, 2019

Loans Mixed-Use New Jersey Northeast

Progress Capital Secures $10M Acquisition Loan for Mixed-Use Property in New Jersey

by David Cohen January 18, 2019

BRICK, N.J. — Progress Capital has secured $10 million in acquisition financing for a mixed-use building in Brick. Located at 101 Prosper Way, the four-story property consists of 20,000 square feet of ground-floor retail space and 44 residential units on the upper three floors. Kathy Anderson of Progress Capital represented the undisclosed borrower in the transaction. The lender was Lakeland Bank. Terms of the financing included a 4.6 percent fixed rate for seven years and a 30-year amortization schedule. The loan amount represents a 70 percent loan-to-value ratio.

January 18, 2019

Acquisitions Mixed-Use Office Restaurant Retail Washington Western

HFF Secures $32.5M Acquisition Financing for Old Rainier Brewery Mixed-Use Campus in Seattle

by Amy Works January 18, 2019

SEATTLE — HFF has arranged $32.5 million in financing for the acquisition of the Original Rainier Brewery, a mixed-use campus located at 5624-6004 Airport Way South in Seattle’s historic Georgetown neighborhood. Tom Wilson and Zachary Kersten of HFF secured a three-year, floating-rate loan with two one-year extension options with a debt fund for the borrower, ScanlanKemperBard. The borrower plans to make improvements to the property. Originally built in the early 1990s as a brewery for Seattle Brewing and Malting Co., the property eventually housed Rainier Beer and is a designated landmark. The campus encompasses four separate buildings — the Bottling Plant, the Malt House, the Warehouse and the General Office — and two land parcels. The assets feature natural light, exposed brick, original flooring, historical detailing and unique layouts. At the time of financing, the property was 92 percent leased to 55 tenants, including REI, Patagonia, Keen, Elysian Brewing Co., Frans Chocolate and Kyoto Art and Antiques.

January 18, 2019

Development Mixed-Use North Carolina Southeast

Bootsmead Set to Demolish 3.5 MSF of Manufacturing Space in Metro Charlotte

by Alex Tostado January 17, 2019

CONCORD, N.C. — Bootsmead LeaseCo LLC has announced that demolition will begin at The Grounds at Concord in the next 30 days, and the project is expected to last all year. D.H. Griffin will perform the demolition of the former cigarette manufacturing facility, which entails 3.5 million square feet across 500 acres. The whole site comprises more than 2,000 acres and was once a filming site of “The Hunger Games” and TV series “Homeland.” JLL Carolinas is marketing the site, which offers access to Interstate 85, is serviced by Norfolk Southern Rail Co. and is situated about 19 miles northeast of Charlotte. According to the marketing team, Charlotte-based Bootsmead is clearing the site in compliance with state and local officials to “create a clean canvas that will appeal to potential users and economic development prospects interested in Concord and the greater Charlotte region.” Chase Monroe, Pete Pittroff, John Cashion, Louis Stephens and Britten Mathews of JLL Carolinas are marketing The Grounds at Concord and are working closely with the Cabarrus Economic Development team.

January 17, 2019

Newer Posts

Older Posts